India Needs Jobs! Reality of Unemployment Crisis
In this video, we'll dive into a detailed discussion on India's significant challenge—Unemployment. Despite being the world's 5th largest economy with robust GDP and export growth, job opportunities remain scarce. We analyze why large corporations like Pepsico and Coca-Cola report high revenues but low employment creation, scrutinize political promises versus reality in job creation, and explore educational challenges including high fees and limited seats in key fields. We also delve into the skill gap affecting employability and propose potential solutions for both government and individuals. Join the conversation, share your thoughts!
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00:00Namaskar, friends.
00:01Unemployment has become the biggest issue in the country today.
00:04According to the India Employment Report 2024,
00:071 out of 3 youths in the country are unemployed.
00:10Unemployment rate has reached 29.1%.
00:13That too, among those who already have a graduate degree.
00:16The question here is, why is this happening?
00:19The country has a population of 140 crore people.
00:21So many people need dal, rice, flour, sugar, soap, oil, shampoo, t-shirt, shoes, school, hospital,
00:27films, TV, scooters, newspapers, God knows what else.
00:30It's such a huge market.
00:32Foreign companies come here and earn millions of crores of profit.
00:35Some of these companies sell only sugar and soda water.
00:40Look at PepsiCo.
00:41According to its latest ROC filing, its yearly revenue in India is 8,000 crores.
00:46Coca-Cola India, its yearly revenue is more than 12,800 crores.
00:50And how is it possible that a country's youth can't even get a job worth 12,800 rupees?
00:55India has become the 5th largest economy.
00:57And there are stories that we'll soon become a 5 trillion dollar economy.
01:02But there are no jobs for you in this economy.
01:05After all, who has devoured your jobs?
01:07Your business?
01:09In today's video, let's understand the problem of unemployment in depth.
01:13What is the root cause behind it?
01:15And what is its solution?
01:17Not only from the perspective of the government, what can the government do?
01:19But what can you do as well?
01:25Let's start with the government.
01:27Prime Minister Modi promised to give crores of jobs.
01:30Do you remember, friends?
01:31But according to some of our media channels, he never made this promise.
01:35I'm not kidding.
01:36ABP News had checked a fact about this.
01:39They said that PM Modi only said that Congress didn't give employment.
01:43He didn't say that we'll give employment.
01:45This BJP, as per the election promise,
01:49This BJP, as per the election promise,
01:51never promised to give 2 crore jobs to the country every year.
01:57That's why the accusation of not being able to give 2 crore jobs to the Modi government every year,
02:02has been proven false.
02:03ABP News, tell me, which party's political campaign is this?
02:07Those who keep the youth unemployed, the public won't forgive them.
02:10Let's change the situation.
02:11Let the country's government change.
02:13Friends, this ad was run by BJP Haryana.
02:16My father always encouraged me to study.
02:18But I didn't get a job.
02:19I got a job only when there was development.
02:22Now, Haryana has awakened.
02:24Do you know the truth of the day?
02:25I feel very sad to tell you, friends,
02:27that they have made Haryana the number one unemployed country.
02:30According to the December 2022 CMI data,
02:33unemployment in Haryana is at 37.4%.
02:36That means, unemployment is the highest in the entire country.
02:40But it's not just about Haryana.
02:41Because PM Modi had promised jobs in many places.
02:45Watch this 8-year-old clip.
02:57The news channels should also watch this 7-year-old clip
03:00where the PM is talking about 1 billion jobs.
03:09All our TV news channels will either talk about unemployment
03:12or shed blood to save the image of the government.
03:16For example, look at Sudhir Chaudhary.
03:18About a year ago, he did a program,
03:20Why does everyone want a government job?
03:22He started scolding the common people.
03:24He said, you want a government job
03:26because you have to earn more.
03:28That is, you have to take a bribe.
03:30There is a big reason behind the desire for government jobs,
03:32which is bribery.
03:33Even if there is less money in the government job,
03:35many employees take a bribe and earn a lot of money.
03:38And in a survey conducted in 2019,
03:40one out of every two Indians believed
03:42that they had bribed a government employee
03:44to get their work done.
03:46According to Sudhir Chaudhary,
03:48PM Modi's slogan,
03:50I will neither eat nor let you eat,
03:52is a lie.
03:53And I have a mantra,
03:55I will neither eat nor let you eat.
03:57And here he is saying that youth is not skilled.
03:59Not being skilled is also a big reason.
04:01Who is responsible for this?
04:03Sudhir Chaudhary, should we believe
04:05that PM Modi's slogan,
04:06Skill India,
04:07was also a lie?
04:08In India, a lot of people,
04:09by giving exams,
04:10by giving money,
04:11by recommending a politician,
04:12in any way,
04:13want to get a government job.
04:15And the biggest reason for this is that
04:17in government jobs,
04:18the working hours are not very long.
04:20The working hours are fixed.
04:21Holidays are given to the heart's content.
04:23According to Sudhir Chaudhary,
04:24you people,
04:25the youth of the country,
04:26are lazy and lazy.
04:28Let's understand the ground reality in depth, friends.
04:30First, let's try to understand
04:32how many jobs are needed in the country.
04:34On the website of the Ministry of Education,
04:36I have got the report of 2222.
04:38It is written here that the number of enrolments
04:40in higher secondary is 2.85 crores.
04:42Approximately, this many children
04:44enroll in higher secondary school every year.
04:47Do we need so many jobs every year?
04:49Actually, here we should also consider
04:51those students who drop out first.
04:53According to the UDISC report,
04:55the dropout rate is 12.61%
04:58at the secondary level.
04:59That is, after class 10th.
05:01And before this,
05:02the dropout rate is 3% at the upper primary level.
05:04And even at the primary level,
05:05the dropout rate is 1.45%.
05:07Look at this year's report.
05:09Approximately 35 lakh 10th grade students
05:11couldn't reach the 11th grade.
05:13So, if we consider 12th pass, 12th fail
05:15and all these dropouts,
05:17the overall number is
05:19around 3.3-3.4 crores.
05:22Most of these 12th pass students
05:24decide to study in colleges.
05:26But in our colleges,
05:28in all the colleges of the country,
05:30are there enough college seats
05:32to accommodate these crores of people?
05:33The answer to this is simply no.
05:35First, let's take the example of medical education.
05:38In July 2023,
05:39our Minister of Health and Family Welfare
05:41told the Parliament that
05:42there are around 1,08,000 MBBS seats in the country.
05:46Apart from this, there are some BDS seats too.
05:48Bachelor of Dental Surgery.
05:49According to the Times of India report,
05:51the total number of seats here,
05:53MBBS plus BDS seats,
05:55is around 1.4 lakh.
05:57But the total number of applications
05:59in NEET UG in 2023
06:00was more than 20 lakh.
06:02This means that if 15 people have the ambition
06:04to become doctors,
06:05then only one of them can get a seat.
06:07The number of PG seats is even less than this.
06:0967,800 seats only.
06:11Do you understand what this means, friends?
06:13The supply of candidates to become doctors
06:15is abundant in the country.
06:16A lot of people want to become doctors in our country.
06:19And there is a lot of demand too.
06:20There is a severe shortage of doctors in the country.
06:22But the problem is that
06:23in our country,
06:24not much educational infrastructure
06:26has been built by the government.
06:28There is a shortage of colleges, universities,
06:30educational institutes.
06:31There is another aspect to this problem.
06:33Out of the total medical seats in our country,
06:35half of them are in government medical colleges.
06:37And the other half
06:39is in private medical colleges.
06:41And the fees of private colleges
06:43are very, very high.
06:44According to the Times of India report,
06:46the D.Y. Patil Medical College in Mumbai
06:48offers the most expensive MBBS degree
06:50for Rs 1.4 crore.
06:53In December 2022,
06:54the Minister of State for Education
06:56presented information in the Parliament
06:58in which we came to know that
07:00the median fees of any private medical college
07:02in the country is Rs 11.5 lakh per year.
07:06That is, the entire degree fee
07:08is almost Rs 60 lakh.
07:10The median fees of the deemed universities
07:12is more than this.
07:13Rs 21 lakh per year.
07:14The total fees is more than Rs 1 crore.
07:17How many families in the country
07:18can afford this?
07:20According to the 2022 report,
07:21State of Inequality in India,
07:2390% of the income of Indians
07:25is less than Rs 25,000 per month.
07:2790% of the Indians
07:29can't afford these college fees.
07:31Now, hearing this,
07:32a news anchor will make an excuse
07:33that why should everyone become a doctor?
07:35So, let's talk about the engineers too.
07:38In December 2022,
07:39our Minister of State for Education,
07:41Subhash Sarkar,
07:42told in the Parliament
07:43that even though
07:44the Indian population is increasing,
07:46but in the last 5 years,
07:47the total number of seats
07:49in engineering colleges
07:50are going down.
07:51In 2017-18,
07:52there were 14.65 lakh seats.
07:55In 2021-22,
07:56only 12.53 lakh seats were vacant.
07:58But there's another side
07:59to this problem.
08:01In 2017-18,
08:02more than half the seats were vacant.
08:04In 2018-19,
08:0548.6% of the seats were vacant.
08:07In 2021-22,
08:0933% of the seats were vacant.
08:114.21 lakh seats were vacant.
08:13There's no shortage of supplies here.
08:15Millions of people
08:16want to become engineers.
08:17But why are so many seats
08:18going vacant in engineering colleges?
08:20There are 4 main reasons behind this.
08:22First is high fees.
08:24In the last few years,
08:25the fees of colleges like IITs
08:26have also increased.
08:28Look at this article from 2016.
08:30The fees of IITs
08:31have almost doubled.
08:33The fees have increased
08:34from Rs 90,000 to Rs 2 lakh.
08:35For a 4-year B.Tech degree,
08:37you'll have to pay
08:38Rs 8 lakh more.
08:39If we talk about private engineering colleges,
08:41the fees reach up to Rs 20 lakh.
08:43Second,
08:44no matter how much you pay,
08:46the quality of education
08:47is very low in most cases.
08:49In most private engineering colleges,
08:51there are sub-standard faculties
08:53that are paid very less
08:54or are not qualified.
08:56Look at the data
08:57from the Ministry of Education
08:58in June 2023.
08:59Only 44.51% of faculty
09:01in engineering colleges
09:02in the country
09:03have a PhD.
09:04Only 55.49%
09:06have a Master's degree.
09:08How is this allowed?
09:09Third,
09:10most engineering colleges
09:11have a shortage of faculty.
09:13Look at this report from December 2022.
09:15Our Education Minister
09:16told the Lok Sabha
09:17that around 4,500 faculty posts
09:20are vacant in our prestigious IITs.
09:23In the academic year 2021-2022,
09:25overall 40.3% teaching positions
09:28were vacant.
09:29If this is the state of IITs,
09:30then what will be the state
09:31of other engineering colleges
09:32in the country?
09:33Fourth,
09:34most colleges
09:35don't even have proper infrastructure.
09:37In 2019,
09:38AICTE decided
09:39that 40,000 seats
09:40will be reduced
09:41in government engineering colleges
09:42across the country.
09:44Why?
09:45Because they didn't have
09:46proper faculty
09:47or proper infrastructure.
09:48In 2022,
09:49Anna University
09:50did a physical inspection
09:51and found that
09:52in Tamil Nadu,
09:53more than 50%
09:54of engineering colleges
09:55don't have adequate
09:56infrastructure.
09:57Last year,
09:5837 engineering colleges
09:59were in Tamil Nadu
10:00where not even one student
10:01was admitted.
10:03When the state of
10:04engineering colleges
10:05across the country
10:06is so bad,
10:07it's not surprising
10:08that most engineering graduates
10:09are not employable
10:10in the country.
10:11In 2019,
10:12an employability assessment
10:13company,
10:14Aspiring Minds,
10:15published a report
10:16which said that
10:1760% engineering graduates
10:18don't do internships
10:19in the country.
10:20And less than this,
10:21only 3% of engineers
10:22have new age
10:23technological skills
10:25in the fields of
10:26Artificial Intelligence,
10:27Machine Learning,
10:28Data Science,
10:29and Mobile Development.
10:30As a result,
10:31more than 80%
10:32of Indian engineers
10:33are not employable.
10:35And not because
10:36they are lazy
10:37or bad in studies.
10:38But because
10:39there is a lack
10:40of engineering colleges
10:41in the country.
10:42And in the country's
10:43engineering colleges,
10:44there is a lack
10:45of competent faculty
10:46and proper infrastructure.
10:47Now some people will say
10:48that why are you
10:49doing this?
10:50Do something else.
10:51Join an ITI.
10:52ITI means
10:53Industrial Training Institute.
10:54Where you can
10:55learn a skill.
10:56It's a great option
10:57but how many
10:58seats are available here?
10:59Our Minister of State
11:00for Skill Development
11:01and Entrepreneurship,
11:02Rajiv Chandra Shekhar
11:03told the Lok Sabha
11:04in December 2022
11:05that there are
11:06around 15,000
11:07ITIs.
11:08Total seating capacity
11:09is around 25 lakhs.
11:101.5 lakhs
11:11for medical,
11:1212.5 lakhs
11:13for engineering,
11:14and 25 lakhs
11:15for ITI.
11:16Add up all these
11:17seats.
11:18It's not even
11:1950 lakhs.
11:20But as I said
11:21in the video earlier,
11:22the total number
11:23of students
11:24coming to India
11:25is more than
11:263 crores.
11:27Where will the
11:28remaining crores
11:29of students
11:30go and study?
11:31If we talk about
11:32this ITI,
11:33out of these 25 lakhs
11:34seats,
11:35like engineering,
11:36around 50%
11:37of the seats
11:38are vacant.
11:39And after graduating
11:40from these,
11:41like engineering colleges,
11:42there is no guarantee
11:43of a job.
11:44Most people
11:45who graduate
11:46are not employable.
11:47If we assume
11:48that all the seats
11:49available are
11:50full,
11:51top-quality education
11:52is provided in all
11:53these seats,
11:54and all the graduates
11:55have good skills,
11:56will they
11:57get jobs?
11:58The answer
11:59to this is
12:00clearly no.
12:01From the data
12:02of July 2023
12:03CMIE,
12:04we know
12:05that in the
12:06manufacturing sector
12:07of India,
12:08in 2016,
12:095.1 crores
12:10of jobs were
12:11available.
12:12In 2023,
12:13only 3.6 crores
12:14are left.
12:15You heard it right,
12:16jobs in the
12:17manufacturing sector
12:18have decreased.
12:19On top of that,
12:20people who have
12:21jobs are not
12:22secure.
12:23Look at these
12:24reports,
12:25in May 2020,
12:26according to
12:27CMIE's report,
12:28more than 12 crores
12:29Indians lost
12:30their jobs
12:31during the
12:32April-May
12:33Coronavirus
12:34lockdown.
12:35In June 2021,
12:361 crore people
12:37lost their jobs
12:38during the
12:39second wave
12:40of COVID.
12:4197%
12:42of household
12:43incomes
12:44declined.
12:45The Indian
12:46Staffing Federation
12:47says that
12:486% contract
12:49workers
12:50have lost
12:51their jobs
12:52in the IT sector
12:53in India
12:54in the quarter
12:55of March.
12:56In June 2023,
12:57more than 11,000
12:58Indian startup
12:59employees were
13:00laid off.
13:01In August 2023,
13:02the layoff
13:03tsunami came.
13:04Tech companies
13:05fired more than
13:062 lakh employees
13:07from their jobs.
13:08Engineering
13:09colleges are
13:10worried because
13:11companies like
13:12TCS,
13:13Cognizant and
13:14Infosys
13:15are in
13:16negative hiring
13:17numbers.
13:18Infosys,
13:19Wipro,
13:20HCL,
13:21Tech Mahindra
13:22were in
13:23negative hiring
13:24numbers.
13:25Only TCS
13:26was in
13:27positive hiring
13:28numbers.
13:29What's happening
13:30here?
13:31The GDP
13:32growth rate
13:33of the Indian
13:34economy is
13:35not in
13:36negative.
13:37Neither are
13:38these companies
13:39in loss.
13:40If you look
13:41at TCS's
13:42profit,
13:43they have
13:44recorded
13:45profit.
13:46But they
13:47don't have
13:48jobs to
13:49pay people.
13:50The people
13:51who are
13:52laid off,
13:53are being
13:54made to
13:55work overtime.
13:56More than
13:57half the
13:58employees are
13:59on the verge
14:00of burnout.
14:01According to
14:02the McKinsey
14:03Health Institute
14:04survey,
14:05India is
14:06at the top
14:07in the
14:08workplace
14:09burnout
14:10survey.
14:1162%
14:12of the
14:13employees
14:14feel
14:15exhausted
14:16from
14:17work.
14:18According
14:19to the
14:20ILO
14:21report,
14:22Indian
14:23workers
14:24work the
14:25longest,
14:26earn the
14:27least.
14:28I'm not
14:29saying that
14:30all companies
14:31do this,
14:32but most
14:33companies in
14:34the country
14:35do this.
14:36Don't
14:37recruit
14:38new employees.
14:39You
14:40have to
14:41make
14:42more
14:43layoffs.
14:44Many
14:45companies
14:46are doing
14:47this.
14:48Amazon
14:49fired 27,000
14:50employees
14:51globally
14:52in the
14:53first 3
14:54months of
14:552023.
14:56Meta
14:57fired 21,000
14:58employees
14:59in November
15:002022.
15:01Twitter
15:02in December
15:032022.
15:04In India,
15:05only 80
15:06employees are
15:07left in
15:08the country.
15:09Engineers
15:10and
15:11engineers
15:12in
15:13the
15:14industry
15:15are
15:16left
15:17behind.
15:18In the
15:19last video,
15:20I showed
15:21you the
15:22example of
15:23Adani Group.
15:24Their
15:25market
15:26capitalization
15:27is 11
15:28lakh crores.
15:29This
15:30is a
15:31huge number.
15:32But
15:33how many
15:34employees
15:35does
15:36this
15:37company
15:38have?
15:39Twitter
15:40has
15:41only
15:4282,000
15:43employees.
15:44The
15:45number
15:46of
15:47employees
15:48has
15:49increased
15:50by
15:51100
15:52billion
15:53dollars.
15:54Twitter's
15:55market
15:56capitalization
15:57is 41
15:58billion
15:59dollars.
16:00How many
16:01employees
16:02does
16:03this
16:04company
16:05have?
16:06Only
16:071,500.
16:08The
16:09number
16:10of
16:11employees
16:12in
16:13Adani
16:14Group
16:15is
16:1611
16:17lakh
16:18crores.
16:19The
16:20number
16:21of
16:22employees
16:23in
16:24Adani
16:25Group
16:26is
16:2711
16:28lakh
16:29crores.
16:30The
16:31number
16:32of
16:33employees
16:34in
16:35Adani
16:36Group
16:37is
16:3811
16:39lakh
16:40crores.
16:41The
16:42number
16:43of
16:44employees
16:45in
16:46Adani
16:47Group
16:48is
16:4911
16:50lakh
16:51crores.
16:52The
16:53number
16:54of
16:55employees
16:56in
16:57Adani
16:58Group
16:59is
17:0011
17:01lakh
17:02crores.
17:03The
17:04number
17:05of
17:06employees
17:07in
17:08Adani
17:09Group
17:10is
17:1111
17:12lakh
17:13crores.
17:14The
17:15number
17:16of
17:17employees
17:18in
17:19Adani
17:20Group
17:21is
17:2211
17:23lakh
17:24crores.
17:25The
17:26number
17:27of
17:28employees
17:29in
17:30Adani
17:31Group
17:32is
17:3311
17:34lakh
17:35crores.
17:36The
17:37number
17:38of
17:39employees
17:40in
17:41Adani
17:42Group
17:43is
17:4411
17:45lakh
17:46crores.
17:47The
17:48number
17:49of
17:50employees
17:51in
17:52Adani
17:53Group
17:54is
17:5511
17:56lakh
17:57crores.
17:58The
17:59number
18:00of
18:01employees
18:02in
18:03Adani
18:04Group
18:05is
18:0611
18:07lakh
18:08crores.
18:09The
18:10number
18:11of
18:12employees
18:13in
18:14Adani
18:15Group
18:16is
18:1711
18:18lakh
18:19crores.
18:20The
18:21number
18:22of
18:23employees
18:24in
18:25Adani
18:26Group
18:27is
18:2811
18:29lakh
18:30crores.
18:31The
18:32number
18:33of
18:34employees
18:35in
18:36Adani
18:37Group
18:38is
18:3911
18:40lakh
18:41crores.
18:42The
18:43number
18:44of
18:45employees
18:46in
18:47Adani
18:48Group
18:49is
18:5011
18:51lakh
18:52crores.
18:53The
18:54number
18:55of
18:56employees
18:57in
18:58Adani
18:59Group
19:00is
19:0111
19:02lakh
19:03crores.
19:04The
19:05number
19:06of
19:07employees
19:08in
19:09Adani
19:10Group
19:11is
19:1211
19:13lakh
19:14crores.
19:15The
19:16number
19:17of
19:18employees
19:19in
19:20Adani
19:21Group
19:22is
19:2311
19:24lakh
19:25crores.
19:26The
19:27number
19:28of
19:29employees
19:30in
19:31Adani
19:32Group
19:33is
19:3411
19:35lakh
19:36crores.
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